4 bedroom detached for sale

£290,000 Offers in excess of

4

Bedrooms

Floorplan

THE PROPERTY AND LOCATION Extended detached family home with accommodation extending to around 1,270 square feet, standing on a good sized plot which includes a detached garage and ample parking. Briefly the accommodation includes entrance vestibule, reception hall, lounge, dining/family room and breakfast kitchen. To the first floor, four bedrooms and bathroom. The property is well placed for the town centre and situated a short distance from the Bull and Bush public house.

Shepshed is a market town and civil parish in the Charnwood Borough of Leicestershire and enjoys a good standard of amenities with a selection of shops and schooling at all levels.The town is located close to junction 23 of the M1 motorway with the nearest railway stations being at Loughborough and East Midlands Parkway. Shepshed is serviced by Arriva Midlands services 16/16A and 126/127 with frequent buses into Loughborough and Coalville and Diamond East Midlands route 129 between Loughborough and Ashby. Skylink Nottingham-Coalville, operated by Trent Barton also links the town with East Midlands Airport and Nottingham.

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL Accessed via a composite entrance door. Internal uPVC door with glazed side screen, opening to the reception hall.

RECEPTION HALL With stairs rising to the first floor, small understairs recess, laminate flooring.

LOUNGE 16 10" x 11 11" (5.13m x 3.63m) With uPVC framed double glazed bow window to the front elevation. Two Central heating radiators.

DINING ROOM/FAMILY ROOM 16 10" x 8 3" (5.13m x 2.51m) With uPVC framed double glazed window to front and rear elevations. Central heating radiator.


BREAKFAST KITCHEN 18 1" x 10 11" (5.51m x 3.33m) With a range of units at eye and base level providing work surface, storage and appliance space. Space for a range cooker and American style fridge freezer. Plumbing for a washing machine. Vertical wall mounted central heating radiator, door to the side elevation, uPVC framed double glazed window to the rear elevation, French doors opening to the rear garden.

FIRST FLOOR

LANDING With uPVC framed double glazed window to the side elevation. Access to the roof space. Airing cupboard.

BEDROOM ONE 14 8" x 11 6" (4.47m x 3.51m) With uPVC framed double glazed window to the front elevation, central heating radiator, range of wardrobes.

BEDROOM TWO 13 10" x 8 3" (4.22m x 2.51m) With uPVC framed double glazed window to the front elevation. Central heating radiator.

BEDROOM THREE 11 x 9 5" (3.35m x 2.87m) With uPVC framed double glazed window to the rear elevation. Central heating radiator.


BEDROOM FOUR 7 1" x 6 8" (2.16m x 2.03m) With a double glazed window to the front elevation. Central heating radiator.

BATHROOM Comprising a suite of panelled bath with mains fed shower over with hand held attachment and rainfall shower head, washbasin with storage, W.C. Heated towel rail, opaque uPVC framed double glazed window to the rear elevation.

OUTSIDE With covered patio seating area to the immediate rear and further paving between the house and the detached garage. External cold water tap. Good sized lawn with further paved area. DETACHED GARAGE (24 2" x 9 6" ) with light and power supplies. To the front, low boundary wall, lawned garden and ample off road parking.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 241950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 7250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 24450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message